You will receive a tax receipt for the full-appreciated value of a donation
of publicly traded stock or securities, and as of May 2, 2006, you will
not be liable for any capital gains tax (pending the passing of the
2006 Federal Budget).
The simplest way to make your gift of stock or securities is to have
the shares electronically transferred from your account to Opportunity
International Canada’s account. The receipt value will be for
the closing trading price on the day Opportunity receives delivery of
the shares.
Benefits of making gifts of stock and securities:
· Capital gains tax on publicly listed stocks and securities
are exempt on gifts made as of May 2, 2006, when you donate your shares
to Opportunity rather than selling and donating the proceeds.
· Value of your tax receipt will be locked in at the market closing
price on the day Opportunity takes legal receipt of your stock or securities
into our brokerage account
· Claim charitable donations up to 75 per cent of your net income.
A five year carry forward on any unused donation amount is permitted
Donate Stocks: Letter of Direction